GLOBAL-365 develops and operates disruptive technology that has a positive impact on the wellbeing of the people who use it around the world.

Fourteen million people live in poverty in the UK, more than one in five of the population and people already struggling face a ‘poverty premium’, often having to pay more for essential services than those who are better off. On average, as prepayment customers, they pay £317 a year more for electricity and gas than credit customers.

SMARTprepay® has been developed by GLOBAL-365 to help the 5 million people who currently live in fuel poverty in the UK to escape this. GLOBAL-365 requires energy suppliers using SMARTprepay® to offer their prepayment customers price parity with their credit customers.

The Joseph Rowntree Foundation has recognised GLOBAL-365’s contribution to social justice, stating:

“Decreasing the cost of pre-payments for gas, electricity and heating and in doing so simplifying the process and methods of making top-ups, SMARTprepay® is the first system with the technology and sophistication to finally offer price parity between prepayment and credit customers.”

In practice SMARTprepay® is becoming the energy supply industry’s equivalent of the grocery supply industry’s ‘Fairtrade’ initiative.

Please contact a member of our team to find out more about how GLOBAL-365 PLC can bring significant benefits to your organisation and its customers.